TY - JOUR
T1 - Universal Basic Income as an instrument of regional development policy
T2 - a micro-macro economic analysis for Scotland
AU - Connolly, Kevin
AU - Eiser, David
AU - Kumar, Ashwin
AU - McGregor, Peter G.
AU - Roy, Graeme
PY - 2021/9/3
Y1 - 2021/9/3
N2 - Regional development now encompasses inclusive growth so that welfare spending becomes a potentially important policy for regions with devolved powers. Universal Basic Income (UBI), an unconditional payment to all citizens, has been gaining traction, including internationally. We provide a system-wide analysis of a region-specific UBI for Scotland on the level and distribution of regional activity. Using both micro- and macro-economic models we find that, although UBI has a beneficial effect on equity among households, it may adversely impact the level of economic activity unless there is a social contract in place and/ or there is a substantial stimulus to productivity.
AB - Regional development now encompasses inclusive growth so that welfare spending becomes a potentially important policy for regions with devolved powers. Universal Basic Income (UBI), an unconditional payment to all citizens, has been gaining traction, including internationally. We provide a system-wide analysis of a region-specific UBI for Scotland on the level and distribution of regional activity. Using both micro- and macro-economic models we find that, although UBI has a beneficial effect on equity among households, it may adversely impact the level of economic activity unless there is a social contract in place and/ or there is a substantial stimulus to productivity.
KW - regional development
KW - inclusive growth
KW - universal basic income
KW - citizen's basic income
KW - computable general equilibrium
UR - https://www.tandfonline.com/toc/rsrs20/current
U2 - 10.1080/00343404.2021.1957090
DO - 10.1080/00343404.2021.1957090
M3 - Article
JO - Regional Studies
JF - Regional Studies
SN - 0034-3404
ER -